“Extraordinary losses” as a result of the flooding in Thailand

Nikon posted a notice describing the losses due to the flooding in Thailand as “extraordinary”: ¥10,904 million (around $143 million). Nikon received an insurance payment of ¥500 million (around $6.5 million). Additional insurance payment is pending.  As a results of the losses, Nikon changed their forecast of the fiscal year ending March 31, 2012 as follow:

Forecasts for Year ending March 31, 2012 and Results of Year ended March 31, 2011
Net Sales Operating income Ordinary income Net income
Forecasts for Year ending March 31, 2012 925,000

Million yen
72,000

Million yen
80,000

Million yen
55,000

Million yen
Results of Year ended March 31, 2011 887,512

Million yen
54,052

Million yen
55,811

Million yen
27,312

Million yen